Facebook on Wednesday reported second quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year.
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Facebook was pummelled by public criticism over privacy issues during the second quarter. Don’t expect to see much evidence of that turmoil in Facebook’s earnings report on Wednesday.
Facebook’s Instagram is estimated to be worth more than US$100-billion (R1.4-trillion), if it were a standalone company, marking a 100-fold return for the app was purchased in 2012, according to data compiled by
Facebook’s photo-sharing app Instagram has reached a billion monthly active users. To spur future growth, the company announced a new feature: Instagram television. Anyone will be able to upload videos for Instagram’s new
Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the
Mark Zuckerberg must be very accustomed to getting his way. When you’ve built two platforms with over a billion customers each (Facebook and Messenger), then acquired and grown another two to a similar size
Snapchat’s parent company Snap has filed for its initial public offering on the New York Stock Exchange. Hoping to raise US$3bn, the IPO would value Snap at between $20bn and $25bn, putting it at almost twice the expected valuation
Another day, another moment to be in awe of Facebook’s ruthless genius. Facebook on Monday announced a way for people to use its Messenger texting app for group video calls. You may recognise this feature from the many
Instagram and Snapchat are South Africa’s fastest growing social networks, with Facebook still holding the top spot. This is according to the 2017 Social Media Landscape Survey, which has been released by local technology
Twitter was sued by a shareholder over claims it misled investors on key growth metrics, including user count and user engagement, almost two years after touting plans to top 500m users. The suit, filed on Friday in federal court